Brokerages forecast that Univest Financial Co. (NASDAQ:UVSP) will post earnings per share of $0.60 for the current quarter, according to Zacks. Two analysts have issued estimates for Univest Financial’s earnings. The highest EPS estimate is $0.68 and the lowest is $0.51. Univest Financial posted earnings per share of $0.03 during the same quarter last year, which indicates a positive year over year growth rate of 1,900%. The company is expected to report its next earnings report after the market closes on Wednesday, April 28th.
According to Zacks, analysts expect that Univest Financial will report full year earnings of $2.02 per share for the current financial year, with EPS estimates ranging from $1.78 to $2.15. For the next fiscal year, analysts expect that the firm will post earnings of $2.14 per share, with EPS estimates ranging from $1.93 to $2.35. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow Univest Financial.
Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings data on Thursday, January 28th. The financial services provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.41. The company had revenue of $64.66 million for the quarter, compared to the consensus estimate of $62.36 million. Univest Financial had a net margin of 13.04% and a return on equity of 5.62%.
In other news, Director Joseph P. Beebe purchased 4,000 shares of the company’s stock in a transaction on Monday, February 22nd. The stock was bought at an average cost of $24.78 per share, for a total transaction of $99,120.00. Following the completion of the purchase, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $99,120. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph P. Beebe acquired 2,500 shares of the business’s stock in a transaction dated Thursday, February 25th. The stock was purchased at an average price of $26.51 per share, for a total transaction of $66,275.00. Following the completion of the acquisition, the director now owns 6,500 shares in the company, valued at $172,315. The disclosure for this purchase can be found here. Insiders have purchased 7,010 shares of company stock valued at $177,018 in the last ninety days. 2.59% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its stake in shares of Univest Financial by 36.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,750 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 1,000 shares during the period. US Bancorp DE raised its position in Univest Financial by 11.1% in the fourth quarter. US Bancorp DE now owns 4,728 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 472 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Univest Financial in the fourth quarter worth about $165,000. First Trust Advisors LP grew its stake in shares of Univest Financial by 8.1% in the fourth quarter. First Trust Advisors LP now owns 11,543 shares of the financial services provider’s stock valued at $238,000 after buying an additional 867 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Univest Financial during the 4th quarter valued at about $242,000. Institutional investors own 68.15% of the company’s stock.
Shares of NASDAQ:UVSP traded down $0.51 on Thursday, reaching $26.70. 2,578 shares of the company were exchanged, compared to its average volume of 118,132. The company has a 50-day moving average of $28.14 and a 200-day moving average of $22.30. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. The firm has a market cap of $782.79 million, a price-to-earnings ratio of 21.36 and a beta of 1.09. Univest Financial has a 1-year low of $13.20 and a 1-year high of $30.14.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 24th. Investors of record on Wednesday, February 10th were issued a $0.20 dividend. The ex-dividend date was Tuesday, February 9th. This represents a $0.80 dividend on an annualized basis and a yield of 3.00%. Univest Financial’s payout ratio is 35.40%.
Univest Financial Company Profile
Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment provides a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.
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